Hi,
I had a look through all prev post but it still isnt quiet clear to me how to enter the following.
Going through the bank statements of our business I allocate all the spendings to the people/shops/businesses the money went to.
If something was soend for private use (ie Woolworth grocery shop) I allocate it to Other expenses (9-1000) and title it Private expense.
What do I do though if I see a ATM withdrawal? We dont use any cash for business purpose! So I know all cash withdrawal are used for private purchases (whatever they might be). How to I enter this in the section "TO"...
Do I need to set something up that can be destingished as a private cash reciever?
Any help would be much appreciated.
Thank you
Isabel